News & Judgements

The Gujarat High Court granted regular bail in an NDPS case involving commercial quantity. The court emphasized the importance of adhering to legal principles and ensuring fair…

Byju's resolution professional told the NCLAT that they were not given a fair hearing by the NCLT as their counsel was unavailable. The tribunal considered the plea for a…

The Kerala High Court suspended the sentence of Greeshma, convicted in a high-profile case, pending her appeal. The court considered her age and the nature of the crime, allowing…

The Gujarat High Court granted regular bail to journalist Mahesh Langa in an alleged GST fraud case. The court emphasized the importance of adhering to legal principles and…

The Delhi High Court directed the NIA to grant custody parole to Rashid Engineer, an accused in a terror funding case, to attend Parliament. The court emphasized his…

The Allahabad High Court ordered an FIR and departmental action against erring cops for assaulting lawyers. The court emphasized the importance of protecting the rights of lawyers…

India shut down Kia's Carnival due to tax evasion allegations related to the import of Completely Knocked Down CKD units. The action highlights the government's commitment to…

The CESTAT ruled that the time limit for filing a refund application cannot be rejected solely due to unauthorized tax collection. This decision provides relief to taxpayers and…

The MCA penalized a private company and its directors for a 30-day delay in filing the E-form BEN. This action highlights the importance of timely compliance with regulatory…

The GST Council is nearing a decision on reducing and rationalizing tax rates, as stated by Finance Minister Nirmala Sitharaman. The focus is on simplifying the GST structure and…

The MCA Minister stated that government dues rank below secured creditors, workmen, employees, and unsecured financial creditors under Section 53 of the IBC. This clarification…

The new Income Tax Bill is expected to adopt a "trust-first" approach, focusing on simplifying tax compliance and reducing litigation. The Bill aims to provide clarity and reduce…

The MCA rejected a company's E-form due to non-maintenance of a registered office, imposing penalties. This decision underscores the importance of compliance with corporate laws…

The ITAT upheld the CIT A 's decision on a bogus long-term capital gains LTCG addition of Rs. crore on penny stocks. The case involved allegations of tax evasion through…

The Kerala High Court upheld the Settlement Commission's decision on undisclosed income. The court found that the Commission had properly considered the facts and applied the law…

A Kerala man was involved in a scam involving fake CSR funds for half-priced scooters, amounting to Rs. crore. The scam highlights the need for stricter oversight and regulation…

The Finance Secretary announced that the new Direct Tax Code aims to simplify the tax structure without introducing new taxes. The focus is on reducing complexities and making…

The MCA imposed a penalty on a company and its directors for failing to maintain a registered office. This action underscores the importance of compliance with corporate laws and…

The ITAT ordered fresh adjudication in a case involving alleged income concealment due to a violation of natural justice. The ITAT found that the taxpayer was not given a fair…

India has extended the investment deadline for Sovereign Wealth Funds SWFs and Pension Funds PFs to 2030, offering tax relief to global investors. This extension aims to attract…

The ITAT set aside a CIT A order regarding non-payment of advance tax by a senior citizen. The ITAT found that the CIT A had not properly considered the taxpayer's circumstances.…

The amendment to Section 10 provides tax relief for non-residents on offshore derivative instruments in International Financial Services Centres IFSCs . This move aims to attract…

The Finance Ministry has directed its staff to avoid using AI tools like ChatGPT and DeepSeek due to data security risks. The directive emphasizes the importance of safeguarding…

The ITAT ordered fresh adjudication in a case where the CIT A disposed of the matter without proper hearing. The ITAT emphasized the importance of adhering to principles of…

The MCA imposed a penalty on a private company and its directors for failing to declare beneficial ownership. This action highlights the importance of transparency in corporate…

Finance Minister Nirmala Sitharaman responded to a question on tax collection after corporate tax cuts in the Lok Sabha. She emphasized that the tax cuts have led to increased…

The MCA imposed a penalty on a private company and its directors for non-declaration of beneficial ownership in the E-form BEN. This action highlights the importance of…

The MCA imposed a penalty on a company for not maintaining a registered office, as required under Section 12 of the Companies Act. The penalty emphasizes the importance of…

The GSTN issued an advisory for taxpayers to manually verify e-invoice data auto-populated in GSTR. This advisory aims to ensure accuracy and prevent errors in GST filings.…

The Ministry of Finance announced the amalgamation of Regional Rural Banks RRBs in Telangana. This move aims to strengthen the rural banking sector and improve financial…

The MCA imposed a penalty on a company for non-filing of MGT-7 for multiple financial years. This action highlights the importance of timely compliance with regulatory…

The ITAT ordered a fresh reassessment of a trust's Rs. crore interest-free loan and interest income, citing errors in the AO's assessment. The case highlights the importance of…

The DGFT extended the export deadline for broken rice to Senegal until February 28, 2025. This extension provides relief to exporters and supports trade relations with Senegal.…

The ITAT deleted an addition of unexplained cash credit due to lack of legal basis. The ITAT found that the addition was not supported by proper evidence or legal grounds. The…

The Karnataka High Court emphasized the need for proof of will and land mutation records in a property dispute. The court highlighted the importance of proper documentation and…

The new Income Tax Bill may receive Cabinet approval soon, with a focus on simplifying tax compliance and reducing litigation. The Bill aims to provide clarity and reduce…

The ITAT granted interest on excess tax and allowed delayed refund interest from June 2016 to Indian Oil. The decision provides relief to the company and ensures fair treatment in…

A presumptive tax regime has been introduced for non-residents in the electronics sector, simplifying tax compliance. This regime allows non-residents to pay taxes based on a…

The FAQs on Section 271AAB clarify its non-applicability in certain cases, providing relief to taxpayers. This section pertains to penalties for undisclosed income during search…

The Bombay High Court ordered an apology for disobeying a stray dogs feeding order. The court emphasized the importance of complying with judicial orders and respecting animal…

The MCA imposed a penalty on a company's auditor for non-filing of ADT-1. This action highlights the importance of timely compliance with regulatory requirements by auditors. The…

The ITAT deleted an addition citing CBDT instructions on jewellery. The ITAT found that the addition was not supported by legal grounds and violated CBDT guidelines. The decision…

The ITAT deleted an addition under Section 68 of the Income Tax Act, ruling that advance payment cannot be treated as unexplained credit. The ITAT found that the taxpayer had…